Blockport Community Reaches 120,000 in Advance of STO

With a new platform launch, global expansion, and a STO launch in March, crypto-fans are gravitating towards Blockport.

AMSTERDAM – February 27, 2019 – Social crypto trading platform Blockport today announces the exceptionally high growth and paid user conversion rates on the platform in the weeks leading up to their STO. Since the launch of its user-friendly trading platform in August 2018, Blockport has seen paid user conversion four to five times higher than Coinbase. Now, users continue to flock to Blockport, one of the first European exchanges to move forward with an STO.

“Blockport’s focus on making the trading experience easier and more social seems to be resonating with users. Despite the overall market conditions, we continue to see a weekly user base growth of 5-10%. Of that, our paying-user conversion percentage is averaging at nearly 10%,” said Sebastiaan Lichter, Founder & Chief Product of Blockport. “We’ve seen huge growth this month with peaks as high as €30.000 per paying user and average of €3.000, which is very exciting since these are consumers and not professional traders.”

As of February, the Blockport team has spent over 30,000 developer hours to make improvements to the platform that benefit the 100,000+ community members. Community members include wallet owners, trade accounts, and investors who were able to get into last year’s ICO, which made news after reaching full funding in twelve minutes. Additionally, over 9,800 wallets containing BPT exist on the blockchain, which also contains a KuCoin custodial wallet which represents over 110,000 internal BPT wallets.

In March, Blockport plans to continue their global expansion by launching multi-stage equity rounds through a security token offering (STO) in Europe and the US. In order to receive updates regarding the STO, please register at the official Blockport website.

About Blockport

Blockport is an Amsterdam-based cryptocurrency trading platform that combines social sharing with trading to provide a secure, efficient and enjoyable trading experience to its users. As part of its social trading system, users can connect with each other to discuss trading strategies and copy each other’s portfolios. This social trading model makes investing more enjoyable and allows beginners to quickly learn from veterans, hopefully resulting in early success. The user-friendly trading platform was launched in August 2018.